RAK Free Trade Zone revealed new plans to attract more investment, especially from Europe, Asia, America and Australia.
The Free Zone announced a rise in the number of registered companies to 8,000 this year compared with 7,500 companies last year, Aliqtisadi reports.
Ramy Jallad, executive director at RAK Free Trade Zone, explained that the Authority has focused on attracting foreign investment from the Middle East, Europe, and South Asia.
“The Authority has international promotion offices in India, Turkey, and Germany for organising promotional campaigns marketing events, and it provides facilities and services to investors,” he adds.
“For the next stage, we target the European markets, Americas, Southeast Asia and Australia, according to a plan based on the intensification of marketing activities, provide promotional offers and hold conferences to introduce the Free Zone and its advantages offered for investors. We will focus on Italy, United States, Australia, Japan, China, the Philippines and Pakistan,” Jallad says.
The strategic location of the state facilitates access to the global markets, which are experiencing rapid growth and presents lower costs to attract international companies.
RAK Free Trade Zone has four specialised complexes to meet the requirements of small, medium and large companies in various sectors, including business complexes, which includes a variety of offices for the business, along with an industrial complex dedicated to heavy industries and a technological complex for trade and light industry, while the academic area serves educational institutions registered in RAK Free Trade Zone.